Purdey: Vendors of the world unite!

STP is the holy grail of the
futures industry – both for buy and sell side
– and we know that true straight through processing is
very difficult to achieve. But it’s not
impossible.

Different systems, different
exchanges, different protocols all demand to control the
messaging. Different symbologies, price & strike
multipliers challenge data models and provide serious
challenges for systems to inter-operate. The fact we trade and
clear instruments as different codes within the same exchange
and clearing house is but one example of the wider issue.

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